KPMG Plans Review Amid Trading Case

By

Michael Rapoport

April 18, 2013 6:35 p.m. ET

KPMG LLP said it plans to reassess its internal safeguards, the latest fallout from an insider-trading case that has led to the firing of a senior partner and the accounting firm's resignation as the auditor for two companies.

The company has also reached out to many clients to reassure them in the wake of the allegations against ex-partner Scott London, KPMG and clients say. Mr. London allegedly gave a friend confidential information that led to $1.2 million in illicit trading profits in exchange for at least $50,000 in...